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Jan 1, 2013
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even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would come to the floor. but i think they're going to do that decision. >> senator corker was echoed by senator tom coburn of oklahoma who explained why after weeks of no movement in congress there is a sudden push to get a deal done. here is with cnbc's larry kudlow. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple of days, it's all going to be retroactive to january 1st. but the very point of it is when you have a deal of this nature, you need to get
even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would...
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Dec 30, 2012
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e of the reasons we were at the fiscal cliff wasas because the republican resolution of the debt crisis of 2011 was under the tacit assumption that they would control the white house who cares about everything stacked ainst them? i think the main cause was obama ran an absolutely brilliant campaign. republicans had a very weak field, and mitt romney was the best of a vy weak field, and he himself was an odd candidate, a given after the financial crisis, a man essentially of wall street, and also a man who was an essential issue of the 2010 campaign, where republicans have succeeded was obamacare but he had had something similar in massachusetts. he had two strikes against him whwhich made it very difficult against the disciplined obama to win. >> i think obama won because the republicans underestimated him anand they did i three -- did it through a litt self delususion that goes back to 2010 when they considered this to be a referendum on barack obama. it was not a referdum on barack obama. it was a referendum on the economy and the incumbentnt, but not barack obama the person. republic
e of the reasons we were at the fiscal cliff wasas because the republican resolution of the debt crisis of 2011 was under the tacit assumption that they would control the white house who cares about everything stacked ainst them? i think the main cause was obama ran an absolutely brilliant campaign. republicans had a very weak field, and mitt romney was the best of a vy weak field, and he himself was an odd candidate, a given after the financial crisis, a man essentially of wall street, and...
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Dec 24, 2012
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cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehn boehner's plan b, i feel it's more likely we will go over the cliff than not, and that -- if we allow that to happen, it will be the most colossal consequence shall act of congressional irresponsibleability in a long time. maybe ever in american history. >> officially, the president is expected to be here -- or is supposedly here in hawaii through the new year, i think the expectation at this point is that with congress returning, president obama is likely to go back to washington to oversee things as they move. or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mi
cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehn boehner's plan b, i feel it's more likely we will go over the cliff than not, and that -- if we...
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gregg: as washington debates the fiscal cliff we are also days away from another financial crisis. the u.s. government is poised to hit its debt limit on monday. what happens if congress doesn't raise the debt sealing? douglas holtz ee eakin is a former director of the nonpartisan budget direction office and is president of american action firearm. thapblgs for being with us. what happens if they don't raise the ceiling? >> ultimately congress has to raise the ceiling. it's simply naive to believe you could ever put the level of spending kick quickly become to the level of revenues and not have to borrow some more. it doesn't have to happen until february or march. ment soak of the treasury has a lot of tools available to push off when you actually hit the debt limit. waoes going the's going to do that and run the usual bag of tricks to avoid the debt ceiling. gregg: timothy geithner can move money around between now and february. we don't really need to panic, do we? >> no, you don't need to panic. essentially the he secretary of the treasury will raid retirement funds them apprai
gregg: as washington debates the fiscal cliff we are also days away from another financial crisis. the u.s. government is poised to hit its debt limit on monday. what happens if congress doesn't raise the debt sealing? douglas holtz ee eakin is a former director of the nonpartisan budget direction office and is president of american action firearm. thapblgs for being with us. what happens if they don't raise the ceiling? >> ultimately congress has to raise the ceiling. it's simply naive...
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Dec 29, 2012
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he thinks the republicans are holding him hostage now on the fiscal cliff. he may be wrong but that's his view. they are going to fight that out. but i saw a very frustrated president who is saying guys, we're now after talking about a big deal that would help the markets, help the american people we have scaled it back to something small and you can't even get that done. he is very angry. visibly frustrated, harris. >> harris: we have been seeing the news being broken on this friday for almost 12 hours on this as the news warrants. ed, we may see you again this hour. thank you. >> i look forward to it. >> harris: senate leaders now say they are entering last-minute talks over the weekend to avert the fiscal cliff. so now it goes to the senate. we will go live to capitol hill at the bottom of the hour as again the focus will shift those senators to get a deal done. all of this having some effect on wall street. the markets finishing in the red for the fifth straight day. the dow sank 158 points, triple digits in trading today. closing below 13,000 for the fi
he thinks the republicans are holding him hostage now on the fiscal cliff. he may be wrong but that's his view. they are going to fight that out. but i saw a very frustrated president who is saying guys, we're now after talking about a big deal that would help the markets, help the american people we have scaled it back to something small and you can't even get that done. he is very angry. visibly frustrated, harris. >> harris: we have been seeing the news being broken on this friday for...
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you say, we, republican are not trying to solve the fiscal cliff. we're trying to solve the debt and deficit. can you explain that? >> sure can. yeah, the white house has been very focused on what do we have to do to just get past the fiscal cliff. let's get over this bump and keep spend and keep going. in the house we're actually trying to solve the debt and deficit. let me illustrate this. we have a trillion dollars in deficit spending last four years. president says let's go back to the clinton levels of taxation. if we went back to the clinton levels of taxation we're still double the highest bush era of deficit spending still because spending was accelerated so much in 2009 and 2010. we're trying to bring the spending levels back down. on the contrary if we just brought the spending levels down to the clinton level spending instead of tax level going up to clinton level of tax it is would solve this. we're trying to solve the debt and deficit. we're trying to say how do we get out of debt. the president is saying let's get past the fiscal cliff
you say, we, republican are not trying to solve the fiscal cliff. we're trying to solve the debt and deficit. can you explain that? >> sure can. yeah, the white house has been very focused on what do we have to do to just get past the fiscal cliff. let's get over this bump and keep spend and keep going. in the house we're actually trying to solve the debt and deficit. let me illustrate this. we have a trillion dollars in deficit spending last four years. president says let's go back to...
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Dec 31, 2012
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cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devasta
cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be...
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the big story here today: real questions at this hour about whether the senate passed fiscal cliff legislation will make it out of the house in one piece. moments ago, you are looking at video of house speaker john boehner and majority leader eric cantor walking in a republican conference meeting together. a show of solidarity, perhaps, after cantor came out against the bill that passed the senate this morning. looking live outside the meeting now. tonight on "special report," g.o.p. lawmakers are suggesting they may amend that bill and send it back to the senate. we'll explain what that means when we have live reports on both sides of pennsylvania avenue. potennial market reaction to the late moves. at the white house, president obama's plane but gassed up and ready to go back to hawaii. but with no vote and no communication with boehner, what now? "special report" from washington with all the fiscal cliff latest starts at 6:00. now back to "the five." ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to
the big story here today: real questions at this hour about whether the senate passed fiscal cliff legislation will make it out of the house in one piece. moments ago, you are looking at video of house speaker john boehner and majority leader eric cantor walking in a republican conference meeting together. a show of solidarity, perhaps, after cantor came out against the bill that passed the senate this morning. looking live outside the meeting now. tonight on "special report," g.o.p....
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: right. >> -- if this whole fiscal cliff disaster happens. patti ann: now how was it spun this way? there's a lot more being negotiated than just those tax rates for wealthy people. what about the fact that we have the $16 trillion debt, and these plans hardly do anything to address it? why is that not the focus? >> yeah, they do almost nothing to address it. even if the president got what he wanted in taxes which is raising taxes on americans who make above $250,000 a year, i think it would be about $850 billion over the next ten years, it wouldn't even be one year's deficit. so there, i mean, there are a lot of other things involved. republicans have demanded real spending cuts, mostly spending cuts in the entitlement programs. and what we've seen in the past few weeks is as that has been discussed among democrats, there's been a hardening of opinion that they really do not want to make any cuts or any trims really in any of the big entitlement programs, medicare, medicaid and social security. patti ann: all right. well, byron york, that's
: right. >> -- if this whole fiscal cliff disaster happens. patti ann: now how was it spun this way? there's a lot more being negotiated than just those tax rates for wealthy people. what about the fact that we have the $16 trillion debt, and these plans hardly do anything to address it? why is that not the focus? >> yeah, they do almost nothing to address it. even if the president got what he wanted in taxes which is raising taxes on americans who make above $250,000 a year, i...
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a deal to avoid the fiscal cliff has been reached following a marathon session yesterday into the early morning hours into the new year. >> the plan avoids tax hikes for millionaires but faces uncertainly -- excuse me tax hikes for millions. but the republican control house has their power. melanie is live on capitol hill with more on this story now. good morning. >> reporter: good morning, allison. we understand the house is going to start considering the legislation today but house speaker john boehner and erik canter sent out messages last night saying they will not put this up for a vote until they, their members and the american people have had a chance to review it. we understand that vote possibly could happen late today or perhaps wednesday. in the deal, approved by the senate, income tax rates will stay the same. individuals making $400,000 and $450,000 will see their taxes rise. and $109 billion in spending cuts to domestic programs has been delayed two months. and alternative minimum tax and payments to medicare providers. senators say it is a less than perfect plan but it's
a deal to avoid the fiscal cliff has been reached following a marathon session yesterday into the early morning hours into the new year. >> the plan avoids tax hikes for millionaires but faces uncertainly -- excuse me tax hikes for millions. but the republican control house has their power. melanie is live on capitol hill with more on this story now. good morning. >> reporter: good morning, allison. we understand the house is going to start considering the legislation today but...
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goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal. the dow finished ahead 166. the s&p 500 was up 24. the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama inconsistent statements whether the benghazi assault was terrorist attack
goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal....
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why republicans say the president wants to go over the fiscal cliff. >>> and imagine someone breaking into your home and ransacking your christmas tree, stealing your electronics. meet the family who encountered a real life grinch and caught the thief on camera. it's an unbelievable story, and the family will join us live in this hour. good morning, everybody. on a christmas eve, welcome to "starting point." i'm alina cho in new york. da dana, good morning. >> good morning. alina. i'm dana bash in washington. it's christmas eve. "starting point" begins right now. >>> and our starting point, an american contractor in kabul shot and killed earlier this morning by a woman wearing an afghan police uniform. it happened inside kabul's police headquarters, and it's the latest in a string of suspected green on blue attacks. pentagon correspondent barbara starr is working her sources, and she joins us from washington. barbara, we have seen a lot of these attacks. correct me if i'm wrong, this is the first time it's happened with a woman. >> reporter: i think that is absolutely correct, dana. u
why republicans say the president wants to go over the fiscal cliff. >>> and imagine someone breaking into your home and ransacking your christmas tree, stealing your electronics. meet the family who encountered a real life grinch and caught the thief on camera. it's an unbelievable story, and the family will join us live in this hour. good morning, everybody. on a christmas eve, welcome to "starting point." i'm alina cho in new york. da dana, good morning. >> good...
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. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there yet. one thing we can count on with respect to this congress is that if there is even one second left, they will lose -- they will use that last second. >> the gap between the two sides is narrowing. time is running short. if a deal cannot be found, the eventual impact on americans will be severe. over the year, the average family would pay an extra $2,000 in tax. there would be sharp cuts in spending across government operations. defense would be hit hard. with so much money coming out of the economy, america would face higher unemployment and probably effect of recession. >> th
. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet....
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. >>> with just four days left to avoid the fiscal cliff, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers who have been given the task of negotiating have continued their conversations looking for ways to try to bring a deal together. while the elected officials know they need to be more visible. >> mr. speaker, we ought to be here working, addressing these challenges. >> reporter: under pressure to show up, even if there is no deal to consider, congress will work this holiday weekend. the deadline is so close, outgoing members have already packed up their offices and need to move out while the harsh tone is going nowhere. >> the american people, i don't think understand the house of representatives is operating without the house
. >>> with just four days left to avoid the fiscal cliff, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers who have been...
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Dec 30, 2012
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those voices have been buried behind the simplicity of a fiscal cliff. the press loves a deadline. >> the press loves a deadline and loves colorful language like fiscal cliff. thanks for joining us. >>> at the top of the hour, state of the union has republican reaction to the president's interview on "meet the press." did we really need to go haywire over david petraeus? mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love wi
those voices have been buried behind the simplicity of a fiscal cliff. the press loves a deadline. >> the press loves a deadline and loves colorful language like fiscal cliff. thanks for joining us. >>> at the top of the hour, state of the union has republican reaction to the president's interview on "meet the press." did we really need to go haywire over david petraeus? mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and...
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the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spok
the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the...
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Dec 26, 2012
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the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spok
the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the...
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i don't think the fiscal cliff problem hit social security or medicare right away. they kind of sealed that off from se questions ration. but you mentioned unemployment before. there are a variety of other government programs that will be drastically cut back on tuesday morning if we don't get some kind of a deal by monday night. >> you know, ryan, when you look at -- when clarence was talking,ives looking and i think i have it. bills that republicans and congress have blocked this year. a bill that would have increased the minimum wage, a buffet rule bill, the employment, nondis crimination act that would have prohibited hiring people on the basis of sexual orientation. a u.n. treaty to protect the rights of disabled people around the world and the paycheck famous act so that women don't get paid less than men for doing the same job. i mean, there's been a variety of bills that they have seen not go past. they have actually stopped in a variety of ways that would have helped the american people. >> yeah, and you can throw the violence against women act, reauthoriza
i don't think the fiscal cliff problem hit social security or medicare right away. they kind of sealed that off from se questions ration. but you mentioned unemployment before. there are a variety of other government programs that will be drastically cut back on tuesday morning if we don't get some kind of a deal by monday night. >> you know, ryan, when you look at -- when clarence was talking,ives looking and i think i have it. bills that republicans and congress have blocked this year....
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this fiscal cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our unsustainable debt. greg: our markets are taking a little bit of a head. falling on wall street, the market is on track for its fifth consecutive decline. investors feared that the fallout will have a tremendous effect on what is already a fragile economic recovery. stephen moore joins us. when economic growth was comparatively pretty good, this the president said no, now you don't want to raise tax rates because the economy is fragile. gdp is worse now, is that? >> i think almost exactly two years ago, the president said the economy is too fragile to raise taxes on anyone. so what you have essentially was a deal that was put together. remember back in december of 2010 when we were facing a very similar situation where they agreed to extend all the tax cuts for two years. by the way
this fiscal cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our unsustainable debt. greg: our markets are taking a little bit of a head. falling on wall street, the market is on track for its fifth consecutive decline. investors feared that the fallout will have a tremendous...
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farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for ehat you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. the people are nervous. >> very nervous. wh reporter: what are they saying when they're coming in? what are you hearing? >> "what do we do?" you know, they don't know what to do. ht's so uncertain right now that the banks don't know what to do. the farmers don't know what it do. they're out there plowing the land, getting it all prepared for next year, with total cecertainty. >> reporter: at stake, $154 billion in federal farm aid and isop insurance, sidelined by the fiscal cliff stalemate. benefit
farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it...
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ben bernanke's guy who coined the phrase fiscal cliff. he says if we fall off of it in seven or eight days, that's going to lead to yet another recession. >> well, and that's why, and that's why the president ask speaker boehner and mitch mcconnell and harry reid need to come back and make sure their membership -- boehner couldn't deliver the other day -- make sure the membership, and by the way, boehner may have to go with democrats plus a minority of republicans to get the job done. gregg: yeah. >> this is about the welfare of this country, not about the welfare of a political party. gregg: all right. brad, the fiscal cliff is one of the reasons why people are so incredibly gloomy about the future, and, you know, dick's making the point here when speaker john boehner can't even get his own party to follow him and put up a vote on his plan, i mean, aren't republicans equally to blame for the public's profound pessimism? >> well, we have a divided nation, that is for sure. this president has not done his job in leading, and had he done hi
ben bernanke's guy who coined the phrase fiscal cliff. he says if we fall off of it in seven or eight days, that's going to lead to yet another recession. >> well, and that's why, and that's why the president ask speaker boehner and mitch mcconnell and harry reid need to come back and make sure their membership -- boehner couldn't deliver the other day -- make sure the membership, and by the way, boehner may have to go with democrats plus a minority of republicans to get the job done....
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. >> president obama gave senate leaders a plan to avoid the fiscal cliff. if we go over the cliff, many of you decided who is to blame. 44 percent blame republicaning in congress. here to help us sort it out is the republican strategist and former iowa press secretary. you saw the poll on who gets the blame for this according to rasmusin . does this give president obama breathing room to hold out for the taxes on high earners. so be it it will be worse for conditions. >> i don't think either side wants this to happen. president obama doesn't want to give an inaugural address . conscience don't want to go over the cliff either. you want to start out in a new congress and in the new year on a right foot with a bipartisan agreement. we'll have a smaller deal hopefully before new years. >> i want to play a sound by the from charles krauthammer and get your take on this. listen to charles. >> it is clear from the beginning he had no intention to solve the fiscal issues. he's been using this and i must say with great skill and ruthless skill and success to fractu
. >> president obama gave senate leaders a plan to avoid the fiscal cliff. if we go over the cliff, many of you decided who is to blame. 44 percent blame republicaning in congress. here to help us sort it out is the republican strategist and former iowa press secretary. you saw the poll on who gets the blame for this according to rasmusin . does this give president obama breathing room to hold out for the taxes on high earners. so be it it will be worse for conditions. >> i don't...
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is sliding ever closer to what has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting on today for weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate to put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine with very little discussion. everyone agrees on both sides of the aisle that sums sort of reduction in benefi
is sliding ever closer to what has become known as the fiscal cliff with barack obama hosting another last minute emergency meeting on today for weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my...
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heather: what could finally bring democrats and republicans together on a fiscal cliff deal if anything. we'll take a look as we await word from capitol hill. >> this is what will go up year? >> yes. january 1st, that is when your taxes will go up. >> wow! wow!. wow is not wow. >> wow is wow! that is insane [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? heather: welcome back. a nationwide amber alert comes to an end after two missing boys from georgia are found and their father is arrested. benjamin cleary, he is there on the right, he is nine, and his brother henry is seven years old. investigators say their father, daniel cleary, abducted them after the boys visited him for christmas. police in austin, texas, described how
heather: what could finally bring democrats and republicans together on a fiscal cliff deal if anything. we'll take a look as we await word from capitol hill. >> this is what will go up year? >> yes. january 1st, that is when your taxes will go up. >> wow! wow!. wow is not wow. >> wow is wow! that is insane [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with...
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Dec 27, 2012
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ben bernanke gave this situation the name fiscal cliff which sounds very dramatic and very scary. but what it is is an act of congress that they actually voted for. 174 republicans voted for this law that would then take effect on january 1st with all these spending cuts in it, and democrats -- 95 democrats in the house voted for it, 74 votes for it in the united states senate, and now congress is afraid of actually going through something that it voted for to occur on january 1st because it all feels too dramatic to them. and so there's something very peculiar. the crisis that congress is facing is can they undo something that they voted for, and can they undo it by new year's eve? >> it's irony and paradox upon irony. remember the reason the fiscal cliff is supposed to be so dangerous and the reason why so many people in washington are worried about the fiscal cliff is it's too much deficit reduction too fast. so all of this takes place against a debate about how to reduce the budget deficit. that's why you get into this theater of the absurd. >> well, and look at the tape you s
ben bernanke gave this situation the name fiscal cliff which sounds very dramatic and very scary. but what it is is an act of congress that they actually voted for. 174 republicans voted for this law that would then take effect on january 1st with all these spending cuts in it, and democrats -- 95 democrats in the house voted for it, 74 votes for it in the united states senate, and now congress is afraid of actually going through something that it voted for to occur on january 1st because it...
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way forward on the fiscal cliff. we got this from another house republican a few moments ago. >> we're going over the cliff because frankly i believe it is what the president wants. if you go back and look how he has handled this negotiation from the very beginning, go back and look what his own administration has been telling him for years. that tax rates need to go up on everybody. this has been the president's position i believe from the very beginning and i think that's where we'll end up. >> reporter: the president suggested a christmas holiday, maybe a cooling-off period, a time for lawmakers to go home and think what they want to do about the fiscal cliff. it sounds like post-christmas everybody is more pessimistic than ever. harris? harris: they have got travel woes too right now. there are people who might want to get back to washington and can't as they wait for certain snowstorms to move along. mike, thank you very much. >> reporter: thank you. jon: you knew the fiscal cliff could hit you hard in the paych
way forward on the fiscal cliff. we got this from another house republican a few moments ago. >> we're going over the cliff because frankly i believe it is what the president wants. if you go back and look how he has handled this negotiation from the very beginning, go back and look what his own administration has been telling him for years. that tax rates need to go up on everybody. this has been the president's position i believe from the very beginning and i think that's where we'll...
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cliff. we're total any potential deals hinges on what happens in the meeting. details on that ahead. >>> a man under arrest at a police station struggles with cops, gets a gun and shoots three officers before they take him out. that's coming up. >>> an f.b.i.'s file on marilyn monroe minus main redactions. what the documents say about her suspected ties to communist. >>> that's all ahead unless breaking news changes everything on "studio b." >>> we begin with a fox urgent. i'm trace gallagher in for shepard smith. a face-to-face meeting at the white house getting under way right now. one that could determine whether or not our nation plunges right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since
cliff. we're total any potential deals hinges on what happens in the meeting. details on that ahead. >>> a man under arrest at a police station struggles with cops, gets a gun and shoots three officers before they take him out. that's coming up. >>> an f.b.i.'s file on marilyn monroe minus main redactions. what the documents say about her suspected ties to communist. >>> that's all ahead unless breaking news changes everything on "studio b." >>> we...
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>>trace: thank you, a.b., happy new year, a.b. >> we expect more details of the fiscal cliff negotiations throughout the day and well keep you posted if we get anymore word from the white house or capitol hill during "studio b" and of course we will have complete coverage as the story develops through the evening right here on fox news. also, secretary of state, hillary clinton, in the hospital with a condition that can be very, very serious, even deadly, with the latest information on her condition is coming up next. >>trace: secretary of state, hillary clinton, in the hospital this new year, getting treatment for a blood clot. the doctors in new york discovered the clot yesterday during a follow-up examination for a condition cushion that she suffered early this month. she was supposed to return to work this week. instead, the spokesman said she will remain in the hospital for at least the next several days. now more from the new york newsroom. david lee, how dangerous is this blood clot exactly? >>reporter: at this time, that is not clear. officials have not released specific informati
>>trace: thank you, a.b., happy new year, a.b. >> we expect more details of the fiscal cliff negotiations throughout the day and well keep you posted if we get anymore word from the white house or capitol hill during "studio b" and of course we will have complete coverage as the story develops through the evening right here on fox news. also, secretary of state, hillary clinton, in the hospital with a condition that can be very, very serious, even deadly, with the latest...
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some fiscal cliff that is going to cause some horrible calamity. they are worried that everybody's taxes are going to go up, and of course they are worried voters aren't going to be too happy about that. they worry about its effects on the economy. a lot of people on both sides of the aisle who are committed to their philosophical points of view think that it's better to let this thing go into january and february and try and workout a good deal from their point of view, than to rush something that they don't feel would be that great. and, again, part of that is they don't know that the world is going to come to an end in january when all these taxes go up. and without that fear it's harder to get a deal, when both sides have to give up so much that they are so emotionally attached tow. kelly: w to. kelly: we were talking toeho ise president. and the president would like to get back here. the president and speaker boehner have been negotiating to find a deal that both sides could agree to. the "wall street journal" reported the president threatened
some fiscal cliff that is going to cause some horrible calamity. they are worried that everybody's taxes are going to go up, and of course they are worried voters aren't going to be too happy about that. they worry about its effects on the economy. a lot of people on both sides of the aisle who are committed to their philosophical points of view think that it's better to let this thing go into january and february and try and workout a good deal from their point of view, than to rush something...
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one is the fiscal cliff, which i still think is likely, likely we will go over. maybe 60% chance. there could belag-minute proposal if obama is somewhat generous, not as arrogant and offers something that a small number of republicans in the house could support. there is a scenario where you wouldn't go over the cliff. he proposes a slight compromise on the level at which you get the higher taxes, $400,000. extension of unemployment stops with that. essentially. then if boehner were to allow a free open vote, then you could get 180 democrats plus 30 republicans. it could happen. >> doug: voila. >> that is the only scenario. possible one. >> doug: sounds so easy. >> yeah. a lot of this stuff is in principle easy. remember, obama was never interested in solving the fiscal issues. he wanted to break the republicans. he did. there is no civil war on the republican side that makes him sovereign in washington. a great political achievement. the other event is the debt ceiling. happening on january 1. the delicious irony, he could go over the cliff. the debt ceiling is easier to stall, b
one is the fiscal cliff, which i still think is likely, likely we will go over. maybe 60% chance. there could belag-minute proposal if obama is somewhat generous, not as arrogant and offers something that a small number of republicans in the house could support. there is a scenario where you wouldn't go over the cliff. he proposes a slight compromise on the level at which you get the higher taxes, $400,000. extension of unemployment stops with that. essentially. then if boehner were to allow a...
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republicans are saying they think the president actually wants to go off the fiscal cliff for political gain. take a listen. when i listen to the president i think the president is eager to go over the cliff for political purposes. additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> now, republicans are also skeptical of the short-term deal the president is talking about because it would leave spending cuts until next year. not deal with them now. republicans don't like the idea that some taxes would go up. meanwhile, the spends cuts wouldn't come until later. although democrats on the hill say the real reason republicans have not sealed the deal with the president yet is they just won't admit that he won the election. take a listen to senator chuck schumer. >> on taxes i know it's hard for the republicans but the president ran on that platform 250 no taxes below but taxes above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> inde
republicans are saying they think the president actually wants to go off the fiscal cliff for political gain. take a listen. when i listen to the president i think the president is eager to go over the cliff for political purposes. additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> now, republicans are also skeptical of the short-term deal the president is talking about because...
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whether it comes this coming week before the fiscal cliff or whether it comes later. that's where we're going to end up. >> and anna, real quick before we go, you know and you see the polls and you talk to your friends in washington, republican friends, if we go over the cliff, republicans are prepared to take the political blame? do they get that? >> i'm sure not. i'm sure there's going to be a lot of finger-pointing on both sides going on but it is also a bad omen dana for what's to come. president obama is in a legacy-building mode and i think republicans don't want to be seen by the american public as obstructionists. that means they got to get together and get something done. well it happened before december 31st? it's not looking likely but it needs to happen in the next four years. we need to have cooperation in washington and this and so many other issues. >> amen to that. >> that's such a great note to end on. >> as someone that walks the hauls of congress every day i give you an a. richard, next time we'll send you an e-mail and make sure you get the memo on
whether it comes this coming week before the fiscal cliff or whether it comes later. that's where we're going to end up. >> and anna, real quick before we go, you know and you see the polls and you talk to your friends in washington, republican friends, if we go over the cliff, republicans are prepared to take the political blame? do they get that? >> i'm sure not. i'm sure there's going to be a lot of finger-pointing on both sides going on but it is also a bad omen dana for what's...
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about the fiscal cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't think that is any hyperbole, kelly, it is just the truth. kelly: just the truth. bottom line so i let you go, what is your next guess, deal or no deal? >> i think they get some kind of deal. it may pass the january 1st, december 31st deadline to get the house vote but i think you will see something done. kelly: maybe a pared down version but something will get done. kelly, have a happy holiday. >> you too, juan. jamie: the taliban is claiming responsibility for a homicide car bombing in khost. it is at the very same base where seven cia employees were killed three years ago by a jordanian homicide
about the fiscal cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't...
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if we two over the fiscal cliff i happen to believe they will blame everybody and the president is not going to escape liability for not leading us through this crisis, because after all, this is a manufactured crisis, created by the very people who are charged now it solve it to refuse to solve it. so they're just kicking the can down the road. let's not forget in 2013, we have another crisis looming and that is the debt ceiling. kelly: exactly right. let's remind people what this fiscal cliff is really all about. we're talking about automatic tax cuts that will go into place as well as drastic, draconian cuts in entitlement programs, medicare, and even the military. the military can suffer very greatly if this goes through the sequestration. if you look at all this, you realize something has got to be done, because $2,000 per average taxpayer will be added to them over the course of this year if they fail to do something, what is going to happen? what is your prediction, brad? >> well, my prediction is, that we're likely to go over the cliff because the president also knows, kelly, i
if we two over the fiscal cliff i happen to believe they will blame everybody and the president is not going to escape liability for not leading us through this crisis, because after all, this is a manufactured crisis, created by the very people who are charged now it solve it to refuse to solve it. so they're just kicking the can down the road. let's not forget in 2013, we have another crisis looming and that is the debt ceiling. kelly: exactly right. let's remind people what this fiscal cliff...
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we may have the first sign of progress on the fiscal cliff. >> huh? >> listen up. just minutes ago on "fox news sunday" republican senator are lindsay graham said this. >> i think people don't want to go over the cliff if we can avoid it. what have we he accomplished? political victory for the president. he stood his ground. will get tax rate increases maybe not at 250 but on upper income americans and the sad news for the country is we accomplished very little in term its of not becoming greece or getting out of debt. this won't affect the debt situation. >> sort of hats off, wink, wink. >> the president told "meet the press" they hope to get a deal condon in the next 48 hours. >>> police say a guy broke into a woman's home and drove her to the bank of america branch where she worked. she triggered an alarm but the suspect escaped before police arrived. it took the bomb squad three hours to remove the device from her neck. she did escape unharmed luckily. >> a best friend becomes a hero after rescuing a boy who fell through the ice in iowa. they were walking on a
we may have the first sign of progress on the fiscal cliff. >> huh? >> listen up. just minutes ago on "fox news sunday" republican senator are lindsay graham said this. >> i think people don't want to go over the cliff if we can avoid it. what have we he accomplished? political victory for the president. he stood his ground. will get tax rate increases maybe not at 250 but on upper income americans and the sad news for the country is we accomplished very little in...
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one of the reasons we are at the fiscal cliff is the republican resolution was under the tacit assumption that they would control the white house, so who cared about everything stacked against them. the main proble w obama ran an absolutely brilliant campaign. republicans had a very weak field, and romney was the best of a very weak field. he himself was a very odd candidate. after the financial crisis, a man essentially of wall street, and a man whose essential issue of the 2010 campaign was obamacare, but he had passed something similar in massachusetts. he had two strikes against him, whichade it very diffilt begins the difficult rigid discipline obama to win. >> i think obama won because republicans underestimated him, and they did it through sell collision that goes back to 2010 when they considered this to be a referendum on barack obama. it was not a referendum on barack obama. it was a referendum on the economy and the incumbent, but not barack obama the person. republicans left the race feeling like this would be a slam-dunk in 2012. they missed the fact that the turnout in 2010
one of the reasons we are at the fiscal cliff is the republican resolution was under the tacit assumption that they would control the white house, so who cared about everything stacked against them. the main proble w obama ran an absolutely brilliant campaign. republicans had a very weak field, and romney was the best of a very weak field. he himself was a very odd candidate. after the financial crisis, a man essentially of wall street, and a man whose essential issue of the 2010 campaign was...
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cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the fuels for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we begin tonight with occupy wall street during the heyday of the occupy movement last year if you were lucky enough to walk through one of the encampments as i was frequently here at occupy d.c. here to see a community built as an example of what our nation should be striving for you would have seen health care provided for free no for profit health insurance leeches looking to squeeze as much money as they can out of family caring for a sick child you also want to see education provided for free and healthy food provided for free and shelter provided for free see when it comes to basic essentials the for profit motive. wa
cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the fuels for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we begin tonight with...
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if lawmakers do not reach a fiscal cliff agreement, you could see your taxes skyrocket. the major sticking points or entitlements and tax increases. house republicans met into the evening and we'll find out in the morning whether joe biden and mitch mcconnell made any progress in their talks. both houses will be back in session tomorrow. those are your headlines this hour, i'm don lemon, keeping you informed. cnn, the most trusted name in news. >>> three, two, one. and liftoff -- >> may 2012, space x launched a rocket into space, becoming the first commercial company to dock a space krach at the international space station. private companies instep stead of nasa sending cargo to the station. it was one of the space industry's top accomplishments. one of our top scientific breakthroughs of 2012. it was a banner year for bad behavior and not all of it easy to stomach. from sports to politics and beyond. here's joe johns with the ten most scandalous stories of 2012. >> number 10, royalty gone wild. this year the british royal jewels got a public viewing, in las vegas, princ
if lawmakers do not reach a fiscal cliff agreement, you could see your taxes skyrocket. the major sticking points or entitlements and tax increases. house republicans met into the evening and we'll find out in the morning whether joe biden and mitch mcconnell made any progress in their talks. both houses will be back in session tomorrow. those are your headlines this hour, i'm don lemon, keeping you informed. cnn, the most trusted name in news. >>> three, two, one. and liftoff --...
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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still no deal on the fiscal cliff. are the democrats and republicans too far apart at this point to reach a deal before midnight? i hope not. >> is the cliff armageddon for the defense department. what these defense cuts would mean for national security. >>> a health scare for hillary clinton. what doctors say happened and an update on her condition. >> i'm ali velshi. >> and i'm christine romans. >> and i'm dr. sanjay gupta. john and zoraida are both off. >>> millions of americans will countdown to a fiscal cliff. a development that could send the nation back to recession. yesterday, the two parties turned to their respective closers, vice president joe biden and senate minority leader mitch mcconnell to get a back door deal done. the republican is not giving up. >> i'm interested in getting a result here. willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> all right according to the president, there has always been and still is one big sticking point. raising
still no deal on the fiscal cliff. are the democrats and republicans too far apart at this point to reach a deal before midnight? i hope not. >> is the cliff armageddon for the defense department. what these defense cuts would mean for national security. >>> a health scare for hillary clinton. what doctors say happened and an update on her condition. >> i'm ali velshi. >> and i'm christine romans. >> and i'm dr. sanjay gupta. john and zoraida are both off....
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with them right now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might change next year but i don't i don't think so and loose with what about the polarization let's say in france right now after the election because the sitting president is not very popular right now. it's complicated because you you get a kind of windshield wiper effect in france you get one we can which the president sporty and the president himself are doing extremely badly for instance you have the steel works. with mr lakshmi mittal the fact that basically the president and the prime minister the minister for industry all had different theories about what to do and how to try
with them right now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed...